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European Leaders Vow to Fight Financial Crisis.

Authors :
Schwartz, Nelson D.
BENNHOLD, KATRIN
Source :
New York Times. 10/5/2008, Vol. 158 Issue 54454, p14. 0p.
Publication Year :
2008

Abstract

After days of squabbling, the leaders of Europe's largest economies vowed Saturday to work together to stop a growing financial panic, but they failed to offer a systemwide answer to a credit crisis that has forced them to bail out several banks in just the past week. Though they did not agree on a broad bailout along the lines of the $700 billion package that President Bush signed into law on Friday, the leaders of France, Germany, Britain and Italy pledged to prevent a bankruptcy on this side of the Atlantic like the one that brought down the Lehman Brothers investment bank in New York. [ABSTRACT FROM PUBLISHER]

Details

Language :
English
ISSN :
03624331
Volume :
158
Issue :
54454
Database :
Academic Search Index
Journal :
New York Times
Publication Type :
News
Accession number :
34610829